Before discussing the functioning and procedure of writing an employment agency agreement, it is necessary to elaborate on the employment agency. A firm that provides employees to the employers and vice versa is usually called an employment agency. In third-world countries, there is no or minimal concept of employment agencies. But in the developed part of the world, employment agencies are prevalent throughout and their demand is increasing day by day due to an increase in population. People from the third world migrate to rich countries to find jobs and get help from such organizations in finding jobs. Such organizations also maintain online websites which are providing a great deal of help to employment seekers. Some of these organizations are operating without fees and some charge fees to find a person any job. They maintain a huge database of people logging in to the website and record their personal information regarding their skill sets, qualifications, and experience. Whenever any employer demands an employee of a particular skill set, it lists all the persons having similar qualities.
Contracting with such agencies is quite beneficial for employers who are always hunting for talented personnel. This not only reduces their time in searching for the right candidate but also makes this tedious process easier with just one click. Companies usually contract with more than one agency to reach out to a larger number of candidates. Companies that enter into agreements with employment agencies have to keep in mind certain things while drafting and finalizing an agreement. All the requirements must be listed down to make sure that the agency’s software accurately sifts the candidates having matching skills. Otherwise, all of the company’s money will go to waste. This practice also reduces the workload of the human resource department. And hence the costs are cut down by the company. Which increases the profits as a result.
Here is a preview of a Free Sample Employment Agency Agreement Template created using MS Word,
Drafting of any kind of agreement may be related to business or any other kind of contract, its language should be formal and accurate in legal terms. Because this makes a huge difference in interpretation of the data contained in the agreement. Another important point is to have the agreement in written form rather than in verbal form. This practice reduces the chance of misinterpretation by either party. Also, written agreement saves the candidates from falling prey to false accusations and unnecessary trips to courts and police stations. In the written agreement of an employment agency, a company looking for employees must have a clear vision of what it wants.
There should be no ambiguity in the qualities that the company is looking for in an employee. Because any misleading statement can ultimately result in a huge loss. Grabbing the right talent can be a challenge for employers. Especially in this globalized world where opportunities are plentiful. The compensation that will be given to the agency must also be added to the agreement. The mode of payment i.e. monthly, weekly, hourly or based on the candidates found, etc should also be present in the employment agency agreement. Other terms can also be added to fit the needs of both the employer and the agency to make the agreement more flexible and customizable.
Here is the download link for this Employment Agency Agreement Template,
